Dear Raj Shekhar,
I am a little surprised that this question has come from a corporate trainer and life coach. The person who teaches others should be well aware of the market in which he/she is working. Anyway, replies to your questions are as below:
a) Whether to depend only on freelancing is a moot question. Few freelancers, including this humble freelancer, supplement training with consulting. Going further, whether to depend only on one subject or on multiple subjects is one's personal decision.
b) "Financial good position": There is no direct answer for this because what is your "good" may not be my good, or what is your "good" could be someone else's "very good". Someone gets support because of factors like caste, creed, religion, education institution, etc. This support helps in elevating the financial position. Someone does not get any support. Someone is ready to give kickbacks to the HR/Training professionals, for someone, it is against his/her personal values. Therefore, do not just look at the financial position. Value a person who out of greed did not compromise personal or family values.
c) In India, especially in the post-liberalization era, success means financial wealth. Nobody bothers how this wealth was acquired. This very greed has corrupted the society. If you read newspapers, you will find that a few oil companies bribed the government employees of the oil ministry to gain insight on the decisions taken by the ministry. All are big business houses. Do you approve this money-making out of deceit? Who is better for the country - a freelancer who does fair business or a corrupt business house that grows astronomically but with evil practices?
d) "All other areas of life": Which are the areas? Everyone's problems are different. Sometimes family issues drag one's business. On the contrary, someone's business grows because of tremendous family support.
e) Again, it depends on what kind of freelancing one does. Does that subject have the lowest market value? Does the freelancer have uniqueness, i.e., product differentiation? Has he/she done any research on the subject area or depends on the material downloaded from the internet?
f) Not many freelancers know how to market their talent. They forever depend on the training or consulting companies. Sometimes metamorphosis from parasite to a full-fledged biological unit has to happen. Few do it, and few do not do it.
Final comments: Freelancing is a matter of one's conscious choice. For many freelancers, it is a matter of personal values. They consider that it is better to be a freelancer than be a broker of few services. To grow one's business, one requires business acumen, an innovative mindset, negotiation skills, and so on. Few have it, and few may not have it. Hence the uneven growth.
Thanks,
Dinesh Divekar